High Bitcoin (BTC) price predictions as of late

TL; DR

Robert Kiasaki, Fundstrat's Tom Lee and “PlanB” put forward optimistic predictions about Bitcoin's future price. Opposing views come from analysts such as Philacon and CryptoRover, who predict that a short-term correction is likely and Peter Schiff, who foresees regulatory challenges affecting the value of BTC.

Kiyosaki's prediction

In the year The first several days of 2024 saw a significant increase in the price of Bitcoin, reaching a high of nearly $49,000 a day after the US SEC approved several positions BTC ETFs (including the BlackRock app). Since then, however, the asset has been gradually declining, finally standing at the current level of $41,300 (according to CoinGecko).

In the year It will be interesting to follow BTC's price performance in 2024 (which has yet to feature many other important events), so let's look at some crash predictions.

Robert Kiyosaki – famous investor and author of the best seller “Rich Dad Poor Dad” – recently He predicted The main cryptocurrency is heading towards the $150,000 mark. He also plans to buy BTC, gold and silver with “fiat US dollars”.

Before that Kiyosaki made a call People should pay attention to the future Halving Bitcoin (Scheduled for April 2024). The event takes place every four years and halves the rewards for miners. For BTC (assuming demand continues or increases) it reduces supply growth which could trigger a price rally. A record-breaking half-time bull run in history followed.

The last bulls

Fundstrat's Tom Lee and popular X (Twitter) user “PlanB” are more optimistic. The former It is intended BTC can grow to $100K-150K by 2024 and $500K in five years. PlanB says the stock-to-flow model predicts a price of $532,000 after halving.

“In 2019, when BTC was $4000, I wrote the S2F article calling for $55K BTC. People said he was crazy. Today, BTC is $40K, and the S2F model predicts $532K after the half of 2024. People say it's impossible, the analyst.

The most alarming prediction comes from Samson Mou (CEO of development studio Pixelmatic). He believes. Sooner or later, the price of Bitcoin will reach an astonishing $1 million per coin.

If you want to know if BTC can hit a new all-time high in 2024, watch the video below:

Enter the bears

On the other hand, X user Philakone He thinks BTC may face a correction in the coming months, targeting between $37,000 and $34,000 “sometime between March and June.” However, the trader remains bullish for the long term, anticipating a “severe rallying phase” leading to a bull market from Q3 2024 to Q4 2025.

Crypto Rover proposed that There is a large amount of “unliquidated liquidity”, which could push BTC below $40,000. Like Philacon, he believes the property will grow in the long term.

One person who only predicts Bitcoin's decline is Peter Schiff. Economist among the harshest critics of cryptocurrency, recently He said he deserved it. Gary Gensler (Chairman of the US SEC) stated that the position was approved by the EFF after being “backed into a corner”.

As such, Schiff believes that the regulator may soon implement “new tough crypto regulations” that will increase the cost of BTC transactions and negatively impact the asset's value. Meanwhile, many X users disputed the theory, noting that Gensler had previously It is given Bitcoin is a commodity, thereby removing it from the SEC's jurisdiction.